Greensboro-based denim maker to layoff 250 workers
Dec 9, 2006 : 2:19 pm ET
GREENSBORO, N.C. -- About 250 people will lose their jobs next month when Cone Denim dismisses a quarter of its work force, company officials said.
The company, competing in a market dominated by foreign-made jeans, will move from a seven-day to a five-day work week at its White Oak denim plant, said Delores Sides, a spokeswoman for Greensboro-based International Textile Group, Cone Denim's parent company.
"We announced to the employees last week that the plant would be moving to a different work schedule," Sides said.
International Textile believes the plant's survival will rest on high-end denim brands, such as Levi's, 7 For All Mankind and True Religion, Sides said. The plant is 1.6 million square feet and was built in 1905.
In March, the company plans to close a department that produces yarn for cheaper denim that is more coarse than denim used in luxury brands. The White Oak plant's history of producing high-end jeans will be an advantage over companies in other countries that tend to make lower-quality denim, Sides said.
In April, Cone Denim announced plans to open a 750-employee plant in Nicaragua. The company also has a production facility in Mexico, a hand in ventures in India and Turkey, and is building a plant in China.
GREENSBORO, N.C. -- About 250 people will lose their jobs next month when Cone Denim dismisses a quarter of its work force, company officials said.
The company, competing in a market dominated by foreign-made jeans, will move from a seven-day to a five-day work week at its White Oak denim plant, said Delores Sides, a spokeswoman for Greensboro-based International Textile Group, Cone Denim's parent company.
"We announced to the employees last week that the plant would be moving to a different work schedule," Sides said.
International Textile believes the plant's survival will rest on high-end denim brands, such as Levi's, 7 For All Mankind and True Religion, Sides said. The plant is 1.6 million square feet and was built in 1905.
In March, the company plans to close a department that produces yarn for cheaper denim that is more coarse than denim used in luxury brands. The White Oak plant's history of producing high-end jeans will be an advantage over companies in other countries that tend to make lower-quality denim, Sides said.
In April, Cone Denim announced plans to open a 750-employee plant in Nicaragua. The company also has a production facility in Mexico, a hand in ventures in India and Turkey, and is building a plant in China.
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